Linda's Florist:

• Revenue: $180,000
• Cost of Goods Sold (COGS): $80,000
• Rent Expense: $12,000
• Wages Expense: $25,000
• Utilities Expense: $3,500
• Other Operating Expenses: $5,000
• Interest Expense: $800
• Other Income: $1,200
• Income Tax Expense: $10,500

Prepare the profit and loss account and calculate the net income for Linda's Florist.